Rapper Raftaar becomes first Indian artist to accept cryptocurrency performance fee
Ankit Khanna, Raftaar’s long-time business partner, was instrumental in orchestrating this exceptional transaction. The virtual performance is scheduled for the second week of July 2021 for a 60-minute boutique event to be hosted in Canada, Ottawa, for a private gathering of 100 people.
Ankit Khanna of AK Projekts says: âIn my opinion, music will be one of the
be completely and completely disrupted by the blockchain. The artist can now address the public directly in all ways without the need for intermediaries. Blockchain has the potential to speed up a seamless experience for anyone involved in generating or interacting with music. I am happy to welcome this new transactional paradigm with my long-time associate, Raftaar, who is truly a pioneering voice of this new generation.
Raftaar adds, âI’ve always been a huge fan of blockchain technology and have always wondered why artists and managers haven’t explored the potential of this disruptive medium. Nevertheless, I have finally taken the first steps in this direction.
Although the concept remains largely unexplored in the Indian entertainment landscape, the allure of cryptocurrency and blockchain technology is being used by global artists such as 50 Cent, Mariah Carey, G-Eazy, Sia and Fall. Out Boy, the Backstreet Boys and Lana del Rey.
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